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Newspaper
Cincinnati Daily Gazette
Location
Cincinnati, Ohio, United States of America
Date
Jun 15, 1875
Page
6
Financial and commercial notices summarize monetary conditions in New York and London. Rates show firm discount, active exchange, and rising sterling, with gold quiet and stocks irregular. London failures and Aberdare disclosures impact confidence while cotton and grain trade face mixed demand and prices.
Cincinnati Gazette weekly market notes for week ending June 14 1875 report liberal receipts easier rates and lower prices by about 100 to 200 per ton amid weak demand. no sheaf oats arriving with nominal prices. clover light demand. hay straw and oat straw prices listed for delivered wagon loads with various ton rates and representative quality tiers.
The Fifth Street Horse Market last week sold about 340 head, with horses ranging from light to medium types. Prices for a carload were $65 to $120, and individual prices included $100 to $130. Also mentioned are shipments to Boston and Memphis with funding references and various costs.
Monday evening June 14 reports a fair distribution of goods with country dealers renewing assortments. Print market prices are lower. job lots sell at unprecedented lows while standard fabrics meet steady demand. Collections slow but typical for season. Various textile categories show subdued movement yet steady price levels across bleached shirtings prints and woolens.
Cincinnati reports weekly receipts through noon show cattle hogs and sheep totals for the period. Major portion of arrivals are common and medium grades with slow trading. a steadier pace only for higher quality stock amid ongoing market activity.
Milwaukee correspondent notes grasshoppers are scarce in Wisconsin while chinch bugs swarmed earlier but were reduced by wet cold. Wet spells damaged barley and spring wheat, with land plowed for corn. Corn looks strong, potatoes aided by rain, overall yields uncertain but improving across the state.
From the Commercial Agency of Tappan McKillop reports sixteen Texas counties and twelve Louisiana counties show larger cultivation areas, wheat prospects strong, cotton and corn outlook favorable, with Texas grain likely near record yields and sugar cane in Louisiana promising high sugar output despite overflows. Report notes prosperity since the war and cautious optimism amid possible grasshopper damage.
Financial notes from New York show money at 2 2 percent, mercantile paper steady, gilt and state bonds mixed with declines in Jersey Central and Reading influenced by coal trade. Stock market quiet firm at opening then generally weaker with notable drops in New York Central and North Western prefe. Read details on Union Pacific, St Paul rise, Pacific Mail steady, Erie dull, Tilden Erie bill, and daily transaction totals. Weathered by cotton futures and grain prices across major cities.
East Leperty Pa June 14 receipts since Saturday morning total 8 400 head bringing the week to 7 899 head versus 6 696 prior week. Last 3 days 153 cars through stock, 47 cars for sale. No business since last report. main market days are Tuesday and Thursday.
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